The independent MP has also written to PPF chief executive Oliver Morley to set out the fund’s concerns about the administration deal.

He also asked Morley whether he believed “adequate protections are in place to prevent schemes being dumped on the PPF, at cost to pensioners and levypayers”.

In a statement on pension concerns, a JP spokesperson said: “Johnston Press has been in regular dialogue with its Pension Scheme Trustees, The Pension Regulator, and the PPF since 2014.

“Throughout our extensive and detailed discussions during the strategic review we have kept them informed every step of the way.

“Up until the administration the company met all its obligations to the scheme, with more than £55m paid in relation to the plan from the beginning of 2014.”

A spokesperson for JP administrator Alix Partners said: “Alix Partners, in conjunction with the board and other advisors, worked closely with all relevant regulatory bodies and stakeholders, including those relating to pensions, prior to the administration and will continue to do so as required.”

JP bondholders agreed to wipe out 60 per cent of the £220m owed to them, extend the final repayment date to 2023 and inject £35m of new money into the group.

The move is said to have secured jobs and the future of JP’s more than 200 titles, which include the i paper, Scotsman and Yorkshire Post.

Bondholders, who are the investors owed money by JP, include Goldentree Asset Management, Fidelity, Caravel Asset Management and Benefit Street Partners, according to the Financial Times.

The majority bondholder, New York-based hedge fund Goldentree Asset Management, has $27bn of assets under its management.

Its primary investments are in high yield bonds, leveraged loans and distressed debt, according to the company’s Linkedin profile.

Quarterly holdings reports submitted by Goldentree to the US Securities and Exchange Commission show the fund has previously held equity in US broadcaster CBS.

Press Gazette contacted Goldentree for information on any other investments it had made in the news industry, but was told it does not speak to the media.

US-based Fidelity has held equity in several media firms, including CBS, the New York Times, the parent company of US radio broadcast SiriusXM and Rupert Murdoch’s News Corporation.

The investment giant, which is based in Boston, has more than two trillion dollars worth of assets under management, with shares in Amazon, Facebook and Google parent company Alphabet.

Caravel Asset Managment is a Hong Kong-based investment management firm. Benefit Street Partners, based in New York, is also an investment manager.

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